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Oct 24, 2012 4:00am PDT
act. "we should not be seeing strong african-american and latino neighborhoods flipped into investror properties. it doesn't help families." in a statement, a bank spokesman said "we strongly deny nfha's allegations and stand behind our property maintenance and marketing practices. bank of america is committed to stabilizing and revitalizing communities that have been impacted by the economic downturn, foreclosures and property abandonment. we actively address the needs of such communities..." real estate brokers say the problem intensified when the housing bubble burst. the sheer number of foreclosures in minority neighborhoods has been hard to keep up with. "it's at the point when the owner leaves that it becomes vacant and trash gets dumped, people break in, steal copper." a bank of america spokesman turned down our request to elaborate on bank policy. he did point out that the group has held three news conferences on this subject in the last four weeks. hedge funds and other large investors continue to hunt for homes and apartment buildings. investment funds are taking advantage o
Search Results 0 to 0 of about 1